The Verkhovna Rada of Ukraine has adopted in the first reading a draft law "On financial restructuring," which regulates the procedure for restructuring debts of operating businesses to the banks. Deputy Finance Minister of Ukraine Artem Shevalyov noted that the document has been prepared with a view of helping overcome consequences of the crisis in Ukraine, and it is expected to contribute to an economic growth in the country through the mechanisms of voluntary peaceful settlement of bad debts ...

At an extraordinary meeting on Monday, March 14, the Cabinet of Ministers of Ukraine endorsed the draft law of Ukraine "On the Office of Business Ombudsman". According to Deputy Minister of Economic Development and Trade/Trade Representative of Ukraine Natalia Mykolska, the elaborated bill is a crucial step in the framework of deregulation processes and implementation of the cooperation program of Ukraine with the International Monetary Fund.

On March 9, the Ministry of Finance held a meeting with the representatives of non-commercial citizens’. The Ministry of Finance is actively working to increase the effectiveness of public spending. With this purpose, in December 2015 the Parliament followed the initiative of the Ministry of Finance and adopted amendments to the legislation laying ground for the verification of all social welfare recipients. Also, the Cabinet of Ministers adopted 7 decrees in February finalizing the legal basis ...

The Government of Ukraine, at an extraordinary meeting on Monday, February 29, adopted a resolution on the establishment of the State Bureau of Investigation and approved six out of nine members of the Commission for the selection of an SBI chairman. Prime Minister of Ukraine Arseniy Yatsenyuk informed that first meeting of the Selection Commission would take place on March 1. Arseniy Yatsenyuk noted that the Government had received an official letter from the President of Ukraine regarding cand...

Several EU states plan to prolong their temporary border controls for as much as two years, because many migrants are continuing to head north from Greece. The announcement came after a meeting of EU interior ministers in Amsterdam. The temporary border controls imposed by Austria and Germany are set to end in May. But they can get EU permission to extend the controls until 2018.

At its meeting the Government took the decision to sign the agreement with the European Union on the participation of Ukraine in the EU "Competitiveness of small and medium enterprises (COSME) (2014 - 2020)". COSME is a leading EU programme with a budget of 2.3 billion euros, aimed at creating favorable conditions for development of small and medium enterprises (SMEs) and is implemented in the framework of the strategy «Europe 2020».

Prime Minister of Ukraine Arseniy Yatsenyuk gave a commission to the Minister of Energy and Coal Industry of Ukraine to summon a meeting with the Antimonopoly Committee of Ukraine and fuel market operators to consider reducing fuel prices due to the falling crude oil prices. The Head of Government appealed to the AMCU to adopt a transparent pricing formula for petroleum products at the Cabinet meeting on Wednesday, January 13. "The oil price is now 30 dollars, but our petroleum stations still ha...

On http://www.kmu.gov.ua/img/1x1.gifDecember 24, Deputy Minister of Infrastructure/Chief of Staff Volodymyr Omelian presented a single platform for public procurement of state enterprises which are subordinate to the Ministry of Infrastructure. These are the first results of the new electronic document management system introduced in the Ministry in early December. Presently, the entrepreneurs can get information about the procurement plans of 15 companies at the total sum over UAH 5 billion. No...

The Verkhovna Rada of Ukraine adopted the State Budget of Ukraine for 2016. It was supported by 263 MPs. Before the vote, Prime Minister of Ukraine Arseniy Yatsenyuk expressed gratitude "to each MP of the People’s Front, the Poroshenko Block, the Self-Reliance, the Radical Party, groups of MPs and factions": "In the process of elaboration of this budget and all amendments to the tax legislation you helped to improve it. All together we have managed to make those acts of legislation that were pro...

From 1 January 2016, SFS customs offices will issue free EUR.1 movement certificates under the Association Agreement between Ukraine and the European Union. It has been envisaged maximum facilitation of the issue of certificates in the shortest period of time with a simultaneous increase of responsibility of the exporter for the accuracy of information, which is necessary to prove the Ukrainian origin of a product. The procedure of filling in and issuing by a customs office of a EUR.1 movement c...